China’s autonomous car market is expected to reach 1.5 million units by 2025, growing on a compound annual growth rate of 28.4%.
According to the latest study by ResearchandMarkets.com, the automotive industry is China is likely to shift into a higher intelligence level by 2025. At present, the L1 and L2 autonomous vehicles are available in the market, with total sales of 300,000 units in 2018. In the passenger car segment, 96.5% of autonomous vehicles are L1 and L2 private cars.
However, the study predicts that in the years ahead autonomous vehicle technology will see more adoption in passenger cars business segments such as public taxis and mobility service vehicles. Public taxis and other mobility service vehicles will account for a little more than a quarter or 25.6% of the passenger car market share in 2025.